In approximately 50-words, name several key technologies and describe how they might affect the way this company functions. Company S makes office furniture. When they make a new design for a chair or desk, they spend weeks drawing it, then several more weeks building prototypes. Once the production begins, some parts of the process are automated, but managers and team leaders have to be on hand at all times to monitor the machines and computers.

Diversity is an obstacle all marketers face: true false

Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.

Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither. statement consumer surplus producer surplus neither a local store was having a sale on textbooks, so i bought a used textbook for my brother. i sold a watch for $61, even though i was willing to go as low as $55 in order to sell it. even though i was willing to pay up to $116 for a used laptop, i bought a used laptop for only $110.